$SOL has shown signs of a potential V-shaped rebound after a sharp sell-off that pushed its price down to key support around $100. Analysts suggest that selling pressure may have eased, creating conditions for buyers to step back in.

If this recovery gains momentum, $SOL could first test the $200 level, followed by previous all-time highs near $300. A strong rebound could signal renewed bullish sentiment for SOL and may set the stage for a broader upward trend, especially if overall market conditions remain favorable.

Traders are watching price action closely, as a successful recovery could attract more buying and push Solana toward new highs.